Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Mariner LLC

Mariner LLC cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,133 shares of the aerospace company's stock after selling 3,695 shares during the period. Mariner LLC's holdings in Huntington Ingalls Industries were worth $1,348,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $2,056,000. Assetmark Inc. lifted its stake in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth about $3,642,000. O Keefe Stevens Advisory Inc. grew its position in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Essential Planning LLC. purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth about $2,457,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Down 1.6 %

Shares of HII stock traded down $3.75 on Thursday, reaching $226.60. 418,680 shares of the stock were exchanged, compared to its average volume of 522,547. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.15 and a beta of 0.34. The business's 50 day moving average price is $201.54 and its 200 day moving average price is $200.52. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the firm posted $3.87 EPS. The business's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.38%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price objective for the company from $145.00 to $234.00 in a research note on Friday, April 11th. Barclays decreased their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average target price of $231.11.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.